• Fri. Apr 19th, 2024

ZSE Open Week With 1.01% Gain


Sep 26, 2023

By ETimes

The Zimbabwe Stock Exchange recorded a gain of 1.01% on Monday, with 6 equities closing in green and 10 shares closing in red.

Proplastics the best-performing stock, as it appreciated by 12.80% to settle at $600.00. On the flip side, OK Zimbabwe was the heaviest price loser with a decline of 8.59% to quote at $120.44.

First Mutual Holdings shares trade flat at $248.00 despite recording a profit in the first half of $386.4 billion, which represented a 19,409% increase relative to the prior year.

“The increase is attributable to the increases rental income, net fair value gains in investment properties and listed equities,” Amos Manzai, group chairman, said in a statement accompanying the results.

The Top 10 Index gained the most, up 1.78% to close at 49,725.45.

In the negative was the Medium Cap Index, which lost 0.15% to close at 494,748.16 points.

The Small Cap Index was flat at 2,282,585.59 points.

About 1.89 million shares traded valued at $2.34 billion.

On the VFEX, Simbisa eased a marginal 0.02% to close at US$0.3912 after declaring an interim dividend of US$0.19 per share in the first six months of 2023.

First Capital Bank Limited went down by 1.97% to US$0.0298.

Conversely, National Foods appreciated by 13.67% to finish at US$1.5132.

Hotelier African Sun was 10.87% higher at US$0.0316. Axia garnered 0.37% to end at US$0.0803.

Innscor Africa Limited added 0.04% to close at US$0.4886 – Harare

By ETimes

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